Including yesterday and today, my b&h is up over 7% since bought in April.
Igy is not “in the game”, he is in his own game, with his own set of criteria, measured by which he sees Hussman doing well.
Fair enough. The facts of past performance cannot be argued, what should be argued is the meaning of those facts, both in the past and going forward. Igy has a different view of what will happen.
One thing though, life is a series of experiences—and a new SP500 high going into the July 4 weekend is a good one, I’ll take it. Sure it might drop next week, but I will always have the experience of beers tonight, after the rally in which my market investments participated 100%—an experience that Igy won’t have. Yes he has his own experiences, but they are not resonant with the zeitgeist and are therefore not as much of a shared experience, IMO making them weaker.
And I’m not buying the beers, I was down the list of performers this short week. Some guys made good bets that they cashed in on this week.
Makes the holiday even sweeter!